> A decade or two ago, I'd have told you the companies that are building new technologies (smartphones, streaming services, etc) were creating value. I feel li

> A decade or two ago, I'd have told you the companies that are building new technologies (smartphones, streaming services, etc) were creating value. I feel like I’m getting old saying this, but no, I was there and the entire tech community went hard against smartphones, claiming they would never be better than a Pocket PC or a Palm Pilot and were simply another marketing ploy by Apple. They claimed that they were inferior to purpose built MP3 players, no one would ever pay hundreds of dollars for a phone, real software developers didn’t write apps, wireless data would never scale, etc. As far as I know all those comments are still preserved for posterity in places like Slashdot.